Mark Zuckerberg’s company recorded its biggest daily market gain in nearly a decade, as the mood brightens among tech investors.
Category: Layoffs and Job Reductions
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Gawker, the Irreverent Gossip Site, Will Be Shuttered Again
Bustle Digital Group, which publishes Gawker, said it would shut down the recently revived site after “a surprisingly difficult” start to the year.
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U.S. Survey Shows an Uptick in Job Openings, and Not in Layoffs
The Labor Department found a rise in the number of posted jobs per worker in December, despite the Fed’s efforts to cool the labor market.
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With Layoffs, Retailers Aim to Be Safe Rather Than Sorry (Again)
Companies that ramped up hiring in areas like technology over the past few years are cutting back as customers slow their spending.
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IBM Announces 3,900 Job Cuts
The company said the layoffs were a final step after asset sales rather than a sign of weakness in its business.
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Remote Workers Face a Lonely Wave of Layoffs
Angst rippled across laptop screens this month, with dozens of companies announcing layoffs and finding ways to breed extra chaos in the process.
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Washington Post Lays Off 20 Journalists
A further 30 open positions will not be filled. The overall size of the newsroom is expected to return to its current level after The Post makes new hires in the affected departments.
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Spotify to Lay Off 6% of Its Work Force
The audio streaming platform becomes the latest big technology company to cut costs over worries about the economy.